New Everton Owners: The Friedkin Group

[PeregrineT]

There is lots of evidence it is unsecured and junior debt

Including in court filings in the Leadenhall case in the US



Also the Rights and Media Funding loan interest rates was covered explicitly in the PSR case in evidence to the independent commission

It's literally written in their decision document.

Unsecured and junior are too very different things. Those both say the same as the articles I have seen, that its junior. Not unsecured.

 

[hoppy]

Everton fans will be delighted after a new foreign exchange partner was announced in the wake of Dan Friedkin’s takeover agreement.

Corpay Cross-Border Solutions posted on X (24 September) to announce they are now the club’s official foreign exchange supplier, just one day after Friedkin agreed on a deal to buy the Blues from Farhad Moshiri.

 

[matty1878]

Everton fans will be delighted after a new foreign exchange partner was announced in the wake of Dan Friedkin’s takeover agreement.

Corpay Cross-Border Solutions posted on X (24 September) to announce they are now the club’s official foreign exchange supplier, just one day after Friedkin agreed on a deal to buy the Blues from Farhad Moshiri.

gos knows what thad means

 

[pfim]

Unsecured and junior are too very different things. Those both say the same as the articles I have seen, that its junior. Not unsecured.

I thought I remember reading that it was both or the balance wasn’t fully backed by an asset. I’m not bothered enough to look at it, but I thought it may have been in that flow chart thing leaked before.

I truly don’t care about any of that any longer. I’m confident that these guys will manage the financial condition of the club with both their resources and acumen. As long as they have approval, which they should, the days of talking about debt covenants and maturities are done.

 

[pfim]

Everton fans will be delighted after a new foreign exchange partner was announced in the wake of Dan Friedkin’s takeover agreement.

Corpay Cross-Border Solutions posted on X (24 September) to announce they are now the club’s official foreign exchange supplier, just one day after Friedkin agreed on a deal to buy the Blues from Farhad Moshiri.

Truly baffled we didn’t have an official FX partner before.

 

[Dylan]

Yesterday was monumental wasn't it lads.

The end of Farhad.
Huge level of expensive debt paid off.
Moving into a new stadium.
Hope.

Once we hit 6 months into the new regime I'll start breathing, for fear that a few weeks after it's done, DF will be giving a presser and suddenly rip off the mask to reveal Moshiri all just a joke to further our torment.

 

[tommye]

It will be, they aren't stupid people mate and GoT probably has amongst the highest traffic and user involvement of any fan forum out there

 

[tommye]

Watch out for hope , it sidles up close with sweet words and promises then kicks you in the cajones and legs off with your wallet.
By all means have a chat with it , but keep your hands covering your nether regions and your wallet while you’re doing it .
After all , Everton innit.!!!
Or have we learned nothing.?

 

[Rita_Poon]

New stadium, new owners, new hope.

Help us Friedkin group, you're our only hope?

 

[AS Roma_fan]

Do Roma fans have any concerns about the focus shifting from them onto the new Everton project?

Actually the Everton issue was more of a "hot topic" in the summer when the deal eventually collapsed. This time, De Rossi- Souloukou have stolen the show. People talk about it, but not as much as you would expect. Yesterday the Friedkins released their first official statement in 4 years, saying that Roma remains at the centre of their football ambitions.

Many people believe they're going to sell Roma. So the issue for them isn't focus shifting but uncertainty about the future.
I find yesterday's statement too clear to be false and I think they won't sell in the near future.

Perhaps on both sides we should come to terms with the idea of a new kind of partnership. We don't know how this whole football group, which includes AS Cannes too, will work. It seems something different from what we've seen until now. I'm really curious.

 

[Lloydaldo11]

Hope they never darken our door ever again mate.

Basically your footballing finance version of Wonga.

Kenwright brought the wolf to the door and we've struggled to ever get rid of them since.

£30m a year in interest I read the other day, also a senior creditor with access to the bank accounts etc.

Worse than wonga, more like something off the sopranos

 

[Damo_1878]

Have read some conflicting stuff on the R&MF one. Some say that's being paid off immediately, but some say it's only partially being paid off initially.

It's late, so I'm probably forgetting something important, but something at the back of my mind says that it was R&MF who were the first ones to torpedo a takeover deal for us as their terms must give them a veto of some sort on change of ownership? Would be surprised if they were happy to be repaid completely up front as they're losing millions in interest, but no idea if they have a say in that.

Given the tens of millions and millions they've already received in interest they will be happy

They're getting their money back and enormous profit

I'll have to stop or I'll start ranting again about it all

Getting high blood pressure over it

The Friedkins clearly know where the main issues in the business are

We've been ran like a corner shop. It's disgraceful. All for vanity

Everyone's match tickets etc will have been made unnecessarily expensive because of it

Urgh. Ranting again

 

[Dixieslaces]

The club will still be in debt to the owners - they aren't shelling £500m out for charitable reasons.

Yep, but taken back over time in equity and divis, with much more favourable interest rates, it's probably the best we could hope for given what crapshow we've been.

No one, fans apart, is in this business for fun, we've not had any for a long time, if someone wants to take a punt on our future and the returns it should give them, fair play to them and in turn you would hope it brings us some success.

 

[Dixieslaces]

Once we hit 6 months into the new regime I'll start breathing, for fear that a few weeks after it's done, DF will be giving a presser and suddenly rip off the mask to reveal Moshiri all just a joke to further our torment.

"We'd have gotten away with it, if it wasn't for those pesky fans!"

 

[pfim]

The club will still be in debt to the owners - they aren't shelling £500m out for charitable reasons.

Sure but having creditors means you have to follow their rules and pay them back principal…the owners injecting capital opens up a whole new list of possibilities, will be either to borrow more or at better rates. It’s transformative for the club.